Warren Buffett - Berkshire Hathaway Invests $1B In Nubank

By THOUSIF INC

According to an SEC filing, the share purchase was made in the last quarter of 2021.

Berkshire Hathaway bought $1 billion in shares of Brazilian digital bank Nubank in the fourth quarter of 2021.

According to a 13F filing with the Securities and Exchange Commission.

In December, when Nubank went public, Berkshire Hathaway reportedly acquired 30 million shares for a total of $250 million.

At that time, Nubank's valuation reached $41.5 billion.

In the fourth quarter of 2021, Berkshire also sold 1.27 million shares of Visa and 302,000 shares of Mastercard.

In June 2021, Berkshire Hathaway invested $500 million in Nubank by leading the extension of a Series G funding round.

Although Nubank does not allow trading in cryptocurrencies, its investment unit.

NuInvest, allows users to invest in crypto exchange-traded funds (ETF), according to the company website.

In 2018, Berkshire Hathaway CEO Warren Buffett declared his dislike of bitcoin, calling it "rat poison squared."

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